Slide 1: Company presentation
Alleima 1 Company presentation
Slide 2: A world-leader advanced materials company
Alleima A world-leader advanced materials company ― High value-added products in ― advanced stainless steels and special alloys, ― ultrafine medical wires and components ― products for industrial heating ― Strong market positions across a wide range of niche ― Fully integrated value chain, including
Slide 3: Premium offering across three divisions
Alleima Premium offering across three divisions Tube Kanthal Strip #1 Umbilical tubing #1 Industrial heating solutions #1 Compressor valve steel #1 Aerospace titanium tube #2 Medical wire #1 Bone saw steel #1 Steam generator tubing Share Share Share Share Share Share Revenue Adjusted EBIT Revenue Ad
Slide 4: Fully integrated value chain with world-class capabilities
Alleima 4 Fully integrated value chain with world-class capabilities Customer Need Identification Research & Primary Melting Hot Working Cold Working Finishing Sales & Development Marketing Ensure independence Enabling close Secure product Prerequisite for new and control of value chain customer col
Slide 5: Global footprint and go-to-market strategy – local for local
Alleima 5 Global footprint and go-to-market strategy – local for local Sales in —Global presence and 80 5 markets R&D centers proximity to customers —Creating flexibility and back-up 40+ 25+ sales offices production sites —Enabling specialization across the globe
Slide 6: Serving customers in the most demanding industries
Alleima Prioritized segment = Serving customers in the most for capital allocation demanding industries Customer segments % of total revenues FY 2025 24% 17% 16% 10% 8% Oil and Gas Industrial Chemical and Industrial Heating Consumer Petrochemical 7% 6% 6% 5% 1% Medical Transportation Mining and Nucl
Slide 7: Premium offering across three divisions
Alleima 7 Premium offering across three divisions Tube R12 Q1 2026 Kanthal R12 Q1 2026 Strip R12 Q1 2026 Seamless tubes and other long products 12.5bn Resistance wire for heating elements 4.0bn Wide range of strip steel and a variety 1.6bn in advanced stainless steels used in Revenues (SEK) (consume
Slide 8: Who we are – a niche player in niche markets
Alleima 8 Who we are – a niche player in niche markets Total steel Stainless steel Advanced stainless market market steel market Niche player with large share of high 1,900 50 2-4 refined products for several customer segments Million tonnes ― Advanced stainless steel Special alloys market 250-300 ―
Slide 9: A high-performer in our niche
Alleima A high-performer in our niche Improved margin resilience SEK M % Industrial 25 000 manufacturing 12 slowdown Pandemic 10 20 000 downturn Margin target: of 9% Oil and gas 8 15 000 downturn 6 10 000 4 5 000 2 0 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenues Adj. EBIT margin,
Slide 10: Alleima's strategy creates value by increasing returns on capital and revenue growth
Alleima Alleima’s strategy creates value by increasing returns on capital and revenue growth ROCE % #3. Defend market #1. 1st Priority position and growth area return #2. 2nd Priority growth area; with margin focus #4. Improve margins and operational excellence Revenue growth
Slide 11: Targeted growth and improved product mix across the portfolio
Alleima Targeted growth and improved product mix across the portfolio Illustrative Revenues Targeted segments Adj. EBIT, % Medical, Nuclear, Industrial 45-50% Heating, Chemical and 40% Petrochemical, Hydrogen 41% 40% and Renewable Energy 37% 35% 37% Other 40% Oil and Gas, Transportation, 39% 35-40%
Slide 12: Un-locking growth and margin potential
Alleima Un-locking growth and margin potential Leverage of Value growth projected to 3-5x Potential for Illustrative outpace improved capacity margins increase 2024 2029 Today Profitable Efficiency Price and Cost Future growth and mix within inflation (Ambition) Volume Revenues (segment leverage seg
Slide 13: Nature of the business – metal price effect
Alleima 13 Nature of the business – metal price effect Metal price trend and how it affects different measures ― Isolating the effect from metal price changes in the business where market price for metal has a direct impact on pricing. ― At constant volumes, mix and lead time the effects can be desc
Slide 14: Winning platform set to unlock shareholder value
Alleima 14 Winning platform set to unlock shareholder value Premium offering with solid market positions and diverse customer 1 segment exposure Fully integrated value chain with prominent metallurgy expertise and global 2 footprint Multiple and tangible levers to deliver profitable growth, capitali
Slide 15: Q1 Roadshow 2026
IMAL A \\\ \\, Q1Roadshow 2026
Slide 16: Highlights Q1 2026
Alleima 16 Highlights Q1 2026 Increased market uncertainty Revenues Organic revenue (SEK M) growth ― Geopolitical instability ― Continued weak short-cycle business ― Key segments contributing positively 4,576 -5% Impact on earnings ― Weak European markets Adj. EBIT Adj. EBIT margin ― FX headwind (SE
Slide 17: Industry-leading sustainability
Alleima 17 Industry-leading sustainability Solid sustainability performance during the quarter Health and safety Recycled steel CO2 emissions Sustainable product portfolio R12 total recordable injury R12 share of recycled steel in the steel R12 CO2 emissions amounted to 94 kton The sustainable produ
Slide 18: Market development
Alleima 18 Market development ― Increased uncertainty ― Weak sentiment in Europe and North America, Asia more resilient ― Continued momentum in key segments Perceived year on year underlying market demand trend The large arrow shows year on year underlying demand trend, the small shows the estimatio
Slide 19: Limited impact of the ongoing crisis in the Middle East so far
Alleima 19 Limited impact of the ongoing crisis in the Middle East so far - Increases market uncertainty, causing volatility in energy prices, shipping costs, and concerns about rising inflation - Part of Alleima’s Oil and Gas segment, the OCTG business, has both direct and indirect exposure to the
Slide 20: Order intake and revenues
Alleima 20 Order intake and revenues Order intake R12 Order intake R12 Revenues and book-to-bill ― Organic order intake growth (SEK M) SEK M SEK M % of -12% for rolling 12 months 16,266 25 000 6 000 120 ― Organic revenue growth of -5% 5 000 100 20 000 4 000 80 ― R12 book-to-bill 90% Revenues 15 000
Slide 21: Earnings
Alleima 21 Earnings Adjusted EBIT Adjusted EBIT at SEK 386 million SEK M % 700 12 ― Margin of 8.4% ― FX headwind 600 10 ― Absorption effects due to weak short cycle market 500 8 Free operating cash flow of SEK -65 million 400 6 ― Changes in working capital 300 ― Cash flow normally lower in H1 4 200
Slide 22: Tube
Alleima 22 Tube SEK M Order intake, R12 Q1 2026 10,626 Q1 2025 14,095 FY 2025 12,138 Organic growth, R12 ,% -19 -3 -7 Revenues 3,222 3,750 13,063 Organic growth, % -9 12 -2 Continued weak market sentiment Adj. EBIT 285 416 1,159 Margin, % 8.9 10.7 8.9 ― R12 organic order intake growth of -19% ― Orga
Slide 23: Kanthal
Alleima 23 SEK M Q1 2026 Q1 2025 FY 2025 Kanthal Order intake, R12 4,260 4,108 4,177 Organic growth, R12 ,% 14 4 9 Revenues 982 1,017 3,996 Organic growth, % 8 -7 1 Positive topline development Adj. EBIT 167 169 656 Margin, % 17.0 16.6 16.4 ― R12 organic order intake growth of 14% ― Organic revenue
Slide 24: Strip
Alleima 24 SEK M Q1 2026 Q1 2025 FY 2025 Strip Order intake, R12 1,380 1,759 1,426 Organic growth, R12 ,% -16 34 -11 Revenues 372 383 1,571 Organic growth, % 5 19 13 Solid underlying development Adj. EBIT 22 27 61 Margin, % 5.9 6.9 3.9 ― R12 organic order intake growth of -16% ― Organic revenue grow
Slide 25: Thank you
Alleima 25 Thank you alleima.com